Oak Thistle LLC Buys 2,460 Shares of The Boeing Company (NYSE:BA)

Oak Thistle LLC grew its stake in shares of The Boeing Company (NYSE:BA) by 40.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,542 shares of the aircraft producer’s stock after purchasing an additional 2,460 shares during the period. Oak Thistle LLC’s holdings in Boeing were worth $1,512,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. American Century Companies Inc. grew its holdings in shares of Boeing by 20.8% during the 2nd quarter. American Century Companies Inc. now owns 44,992 shares of the aircraft producer’s stock worth $8,189,000 after acquiring an additional 7,739 shares during the period. Envestnet Asset Management Inc. boosted its position in shares of Boeing by 10.0% during the second quarter. Envestnet Asset Management Inc. now owns 556,361 shares of the aircraft producer’s stock valued at $101,263,000 after purchasing an additional 50,767 shares in the last quarter. Brown Brothers Harriman & Co. grew its stake in Boeing by 435.8% in the second quarter. Brown Brothers Harriman & Co. now owns 27,295 shares of the aircraft producer’s stock worth $4,968,000 after purchasing an additional 22,201 shares during the period. Dimensional Fund Advisors LP raised its holdings in Boeing by 8.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,277,289 shares of the aircraft producer’s stock worth $232,479,000 after purchasing an additional 98,973 shares in the last quarter. Finally, Citizens Financial Group Inc. RI lifted its position in Boeing by 11.0% during the second quarter. Citizens Financial Group Inc. RI now owns 31,252 shares of the aircraft producer’s stock valued at $5,688,000 after buying an additional 3,101 shares during the period. Institutional investors own 64.82% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on BA shares. The Goldman Sachs Group reduced their target price on shares of Boeing from $232.00 to $202.00 and set a “buy” rating on the stock in a research report on Tuesday, September 24th. Citigroup cut their price objective on shares of Boeing from $224.00 to $209.00 and set a “buy” rating on the stock in a report on Tuesday, October 15th. Royal Bank of Canada reiterated an “outperform” rating and set a $200.00 target price on shares of Boeing in a report on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft raised their price objective on Boeing from $184.00 to $215.00 and gave the company a “buy” rating in a research report on Thursday, January 2nd. Finally, Morgan Stanley dropped their target price on Boeing from $195.00 to $170.00 and set an “equal weight” rating on the stock in a report on Thursday, October 24th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Boeing has a consensus rating of “Moderate Buy” and an average target price of $192.21.

Boeing Price Performance

Shares of BA opened at $167.17 on Wednesday. The firm has a market capitalization of $103.34 billion, a P/E ratio of -12.96 and a beta of 1.52. The Boeing Company has a one year low of $137.03 and a one year high of $217.59. The business has a fifty day moving average of $162.02 and a 200 day moving average of $164.97.

Boeing (NYSE:BA) last released its quarterly earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($10.34) by ($0.10). The business had revenue of $17.84 billion during the quarter, compared to analyst estimates of $17.81 billion. The firm’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same period in the prior year, the company posted ($3.26) EPS. Analysts expect that The Boeing Company will post -16.18 EPS for the current fiscal year.

About Boeing

The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sells, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide. The company operates through Commercial Airplanes; Defense, Space & Security; and Global Services segments.